Credit Rating
Definition of "Credit rating"
Rating used by lenders and creditors to determine if a credit applicant should be granted credit. It depends on many factors such the applicant's job history, earnings, net worth, etc. Some companies keep credit records of people and entities.
Popular Real Estate Terms
Tax imposed by some state and local governments to record into the public record property deeds and mortgages. ...
Increasing prices during a slowdown in economic activity. ...
The first thing we have to understand about the voidable contract definition is that it is not the same thing as a void contract. A voidable contract can become a void contract if a court ...
Latin abbreviation for the literal translation meaning" which see". ...
Administrator of estate is a term used in common-law jurisdiction for a person assigned a particular responsibility. The administrator of estate definition describes a court-appointed ...
Recognizes profit on a long-term construction contract as it is earned gradually during the construction period. This approach is preferred over the completed contract method because it ...
Figure or value which is the starting point in computing gain or loss, depreciation, depletion, and amortization. ...
A lien which is secondary to a senior lien and cannot be paid until the senior lien is satisfied. ...
Assets owned by an individual as part of his or her estate except for land and everything attached to the land. Personal property may be either tangible, having physical substance such as ...
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